Mapped: Global Inflation Forecasts by Country in 2026

The Global Inflation Forecast, by Country in 2026

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In 2026, U.S. inflation is projected to decline to 2.4%, ultimately remaining above the Fed’s target. Many European and Asian countries, meanwhile, are expected to see sub-2% increases in prices. Countries facing instability, like Venezuela and Sudan, will brace for significantly higher price pressures.

This graphic shows the 2026 inflation forecast for global economies, based on data from the International Monetary Fund.

Ranked: The 2026 Inflation Forecast

Below, we show inflation projections for 2026 across 190 economies:

Rank	Country	Inflation Rate Forecast 2026 (%)	Region
1	Venezuela	682.1	South America
2	Sudan	54.6	Africa
3	Iran	41.6	Middle East
4	Myanmar	28.0	Asia
5	Burundi	26.3	Africa
6	Haiti	26.2	North America
7	Türkiye	24.7	Asia
8	Malawi	24.1	Africa
9	Nigeria	22.0	Africa
10	Yemen	18.5	Middle East
11	Zimbabwe	18.2	Africa
12	Argentina	16.4	South America
13	Angola	16.3	Africa
14	South Sudan	15.8	Africa
15	Egypt	11.8	Africa
16	Kazakhstan	11.2	Asia
17	Sierra Leone	10.5	Africa
18	Ghana	9.9	Africa
19	Suriname	9.6	South America
20	Ethiopia	9.4	Africa
21	Zambia	9.2	Africa
22	Bangladesh	8.7	Asia
23	Mongolia	8.1	Asia
24	Liberia	7.7	Africa
25	Ukraine	7.6	Europe
26	Belarus	7.5	Europe
27	Uzbekistan	7.3	Asia
28	Madagascar	7.2	Africa
29	DR Congo	7.1	Africa
30	São Tomé and Príncipe	7.0	Africa
31	Kyrgyz Republic	6.9	Asia
32	Romania	6.7	Europe
33	Tunisia	6.1	Africa
34	Pakistan	6.0	Asia
35	Marshall Islands	5.9	Oceania
36	Lao P.D.R.	5.5	Asia
37	Moldova	5.5	Europe
38	Mozambique	5.4	Africa
39	Kenya	5.2	Africa
40	Russian Federation	5.2	Asia
41	Turkmenistan	5.0	Asia
42	Jamaica	5.0	North America
43	Gambia	4.9	Africa
44	Lesotho	4.8	Africa
45	Botswana	4.7	Africa
46	Rwanda	4.7	Africa
47	Papua New Guinea	4.6	Oceania
48	Togo	4.5	Africa
49	Azerbaijan	4.5	Asia
50	Tajikistan	4.5	Asia
51	Nauru	4.5	Oceania
52	Uruguay	4.5	South America
53	Guyana	4.4	South America
54	Uganda	4.3	Africa
55	Estonia	4.3	Europe
56	Nepal	4.2	Asia
57	Dominican Republic	4.2	North America
58	Honduras	4.2	North America
59	Eswatini	4.0	Africa
60	India	4.0	Asia
61	Serbia	4.0	Europe
62	Brazil	4.0	South America
63	Algeria	3.9	Africa
64	South Africa	3.7	Africa
65	Solomon Islands	3.7	Oceania
66	Paraguay	3.7	South America
67	Chad	3.6	Africa
68	Mauritius	3.6	Africa
69	Namibia	3.6	Africa
70	Mauritania	3.5	Africa
71	Somalia	3.5	Africa
72	Tanzania	3.5	Africa
73	Hungary	3.5	Europe
74	Kiribati	3.5	Oceania
75	Colombia	3.5	South America
76	Bhutan	3.4	Asia
77	Georgia	3.4	Asia
78	Bulgaria	3.4	Europe
79	Micronesia	3.4	Oceania
80	Cameroon	3.3	Africa
81	Central African Republic	3.3	Africa
82	Slovak Republic	3.3	Europe
83	Guatemala	3.3	North America
84	Mexico	3.3	North America
85	Congo	3.2	Africa
86	Niger	3.2	Africa
87	Vietnam	3.2	Asia
88	Samoa	3.2	Oceania
89	Iceland	3.1	Europe
90	Lithuania	3.1	Europe
91	Chile	3.1	South America
92	Guinea	3.0	Africa
93	North Macedonia	3.0	Europe
94	Australia	3.0	Oceania
95	Equatorial Guinea	2.9	Africa
96	Indonesia	2.9	Asia
97	Palau	2.9	Oceania
98	Armenia	2.8	Asia
99	Albania	2.8	Europe
100	Croatia	2.8	Europe
101	Poland	2.8	Europe
102	Ecuador	2.8	South America
103	Kosovo	2.7	Europe
104	Nicaragua	2.7	North America
105	Philippines	2.6	Asia
106	Bosnia and Herzegovina	2.6	Europe
107	Latvia	2.6	Europe
108	Jordan	2.6	Middle East
109	Qatar	2.6	Middle East
110	Gabon	2.5	Africa
111	Maldives	2.5	Asia
112	Greece	2.5	Europe
113	United Kingdom	2.5	Europe
114	Iraq	2.5	Middle East
115	Barbados	2.5	North America
116	Burkina Faso	2.4	Africa
117	Netherlands	2.4	Europe
118	Norway	2.4	Europe
119	Slovenia	2.4	Europe
120	Antigua and Barbuda	2.4	North America
121	United States	2.4	North America
122	Austria	2.3	Europe
123	Czech Republic	2.3	Europe
124	Montenegro	2.3	Europe
125	Dominica	2.3	North America
126	Tuvalu	2.3	Oceania
127	Malaysia	2.2	Asia
128	Luxembourg	2.2	Europe
129	Israel	2.2	Middle East
130	Kuwait	2.2	Middle East
131	Puerto Rico	2.2	North America
132	Trinidad and Tobago	2.2	North America
133	Tonga	2.2	Oceania
134	Vanuatu	2.2	Oceania
135	Hong Kong SAR	2.1	Asia
136	Japan	2.1	Asia
137	Denmark	2.1	Europe
138	Portugal	2.1	Europe
139	Saint Kitts and Nevis	2.1	North America
140	Saint Vincent and the Grenadines	2.1	North America
141	New Zealand	2.1	Oceania
142	Aruba	2.1	South America
143	Benin	2	Africa
144	Cabo Verde	2.0	Africa
145	Guinea-Bissau	2.0	Africa
146	Mali	2.0	Africa
147	Senegal	2.0	Africa
148	Italy	2.0	Europe
149	Malta	2.0	Europe
150	San Marino	2.0	Europe
151	Spain	2.0	Europe
152	Saudi Arabia	2.0	Middle East
153	United Arab Emirates	2.0	Middle East
154	Canada	2.0	North America
155	Costa Rica	2.0	North America
156	Panama	2.0	North America
157	Comoros	1.9	Africa
158	Finland	1.9	Europe
159	Belize	1.9	North America
160	Peru	1.9	South America
161	Morocco	1.8	Africa
162	Cambodia	1.8	Asia
163	South Korea	1.8	Asia
164	Timor-Leste	1.8	Asia
165	Andorra	1.8	Europe
166	Germany	1.8	Europe
167	Ireland	1.7	Europe
168	Libya	1.6	Africa
169	Taiwan	1.6	Asia
170	Sweden	1.6	Europe
171	Côte d’Ivoire	1.5	Africa
172	France	1.5	Europe
173	Oman	1.5	Middle East
174	Saint Lucia	1.5	North America
175	Djibouti	1.4	Africa
176	Singapore	1.3	Asia
177	Belgium	1.3	Europe
178	Cyprus	1.3	Europe
179	Macao SAR	1.2	Asia
180	Seychelles	1.1	Africa
181	Grenada	1.1	North America
182	Fiji	1.1	Oceania
183	Bahamas	1.0	North America
184	El Salvador	1.0	North America
185	Bahrain	0.8	Middle East
186	China	0.7	Asia
187	Thailand	0.7	Asia
188	Brunei Darussalam	0.6	Asia
189	Liechtenstein	0.6	Europe
190	Switzerland	0.6	Europe

Venezuela continues to face the highest inflation worldwide by a huge margin, with inflation set to increase 682.1% in 2026. (Note these forecasts were released before President Nicolas Maduro’s capture and U.S. plans to take over Venezuelan oil production).

Moreover, conflict-ridden countries including Sudan, Iran, and Myanmar, face inflation rates exceeding 25%.

In the U.S., inflation is expected to trend lower, though several risks could influence the outlook. While tariff front-loading muted inflationary effects in 2025, pass-through effects could meaningfully affect consumer prices in 2026.

Meanwhile, several economies, from Italy and Spain to Senegal and Saudi Arabia are expected to see inflation reach a 2% target.

In contrast, Switzerland and Liechtenstein are projected to see the lowest inflation globally, at 0.6%. For Switzerland, a strong Swiss franc has led import prices to drop, mirroring a trend seen in the past two years.

Additionally, consumer prices in Thailand and China are set to rise just 0.7% amid deflationary pressures.

Learn More on the Voronoi App

To learn more about this topic, check out this graphic on interest rate projections across advanced economies.

• Source: https://www.visualcapitalist.com/global-inflation-forecasts-by-country-in-2026/